48,756 Shares in Pure Cycle Corporation $PCYO Purchased by Potomac Capital Management Inc.

Potomac Capital Management Inc. purchased a new position in Pure Cycle Corporation (NASDAQ:PCYO) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 48,756 shares of the utilities provider’s stock, valued at approximately $536,000.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Pure Cycle by 2.1% in the third quarter. Vanguard Group Inc. now owns 1,165,271 shares of the utilities provider’s stock worth $12,900,000 after acquiring an additional 23,656 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in shares of Pure Cycle by 14.3% in the third quarter. ArrowMark Colorado Holdings LLC now owns 672,927 shares of the utilities provider’s stock worth $7,449,000 after acquiring an additional 84,420 shares in the last quarter. Curi Capital LLC lifted its stake in shares of Pure Cycle by 319.5% in the second quarter. Curi Capital LLC now owns 672,048 shares of the utilities provider’s stock worth $7,204,000 after acquiring an additional 511,837 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Pure Cycle by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 520,873 shares of the utilities provider’s stock worth $5,726,000 after acquiring an additional 13,146 shares in the last quarter. Finally, Epiq Partners LLC lifted its stake in shares of Pure Cycle by 1.4% in the third quarter. Epiq Partners LLC now owns 259,244 shares of the utilities provider’s stock worth $2,870,000 after acquiring an additional 3,704 shares in the last quarter. Institutional investors and hedge funds own 51.39% of the company’s stock.

Pure Cycle Stock Up 2.0%

Shares of Pure Cycle stock opened at $10.61 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 0.04. The firm has a market cap of $255.70 million, a P/E ratio of 18.29 and a beta of 1.24. Pure Cycle Corporation has a fifty-two week low of $9.65 and a fifty-two week high of $12.44. The business has a 50-day moving average price of $10.86 and a 200 day moving average price of $10.98.

Pure Cycle (NASDAQ:PCYO) last announced its quarterly earnings data on Wednesday, April 8th. The utilities provider reported $0.05 earnings per share for the quarter. The firm had revenue of $5.17 million during the quarter. Pure Cycle had a return on equity of 9.75% and a net margin of 45.80%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Pure Cycle from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Pure Cycle has an average rating of “Hold”.

Pure Cycle Company Profile

Pure Cycle Corporation (NASDAQ:PCYO) is a Colorado-based utility and real estate development company focused on water resource management and land development along the Front Range. The company’s core operations involve the acquisition, treatment and distribution of potable water, as well as the collection and treatment of wastewater, serving suburban and rural communities in the Denver metropolitan area. Pure Cycle holds substantial water rights and operates distribution and treatment facilities under a regulated utility model, providing essential services to residential and commercial customers.

In addition to its water utility business, Pure Cycle engages in real estate development, leveraging its water assets to create fully serviced residential communities.